1506 E MONROE Street, Phoenix, AZ 85034
$399,500
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,221
Lot Size (sq. ft.):
6,750
Status:
Closed
Current Price:
$399,500
Last Modified:
3/28/2026
Description
Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunityâ€''live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!
More Information MLS# 6777514
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Sold Price: $399,500
Status: Closed
Current Price: $399,500
List Date: 2024-10-30
Location, Tax & Legal
Assessor's Map #: 46
Legal Description (Abbrev): COLLINS
Assessor's Parcel #: 15
Tax Municipality: Phoenix
Taxes: 2082
House Number: 1506
Compass: E
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 1131
County Code: Maricopa
Assessor Number: 116-46-015
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Tax Year: 2024
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Approx SQFT: 1221
Price/SqFt: 327.19
Approx Lot SqFt: 6750
Approx Lot Acres: 0.155
Horses: N
Builder Name: UNK
Lead Based Hazard Disclosure: Yes
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Elementary School: ASU Preparatory Academy - Polytechnic Elementary
Jr. High School: ASU Preparatory Academy - Phoenix Middle School
High School: ASU Preparatory Academy - Phoenix High School
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 3
Total Bathrooms: 2
Year Built: 1941
Legal Info
Range: 3E
Section: 9
Township: 1N
Lot Number: 14
Special Listing Cond
N/A: 1
Construction
Adobe: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Master Bathroom
3/4 Bath Master Bdrm: 1
Add'l Property Use
Other: 1
Flooring
Tile: 1
Vinyl: 1
Wood: 1
Window Features
Dual Pane: 1
Dining Area
Dining in LR/GR: 1
Heating
Natural Gas: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Gas Oven: 1
Gas Range: 1
Refrigerator: 1
Granite Counters: 1
Cooling
Central Air: 1
Interior Features
No Interior Steps: 1
Laundry
Washer Hookup: 1
Gas Dryer Hookup: 1
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Road Responsibility
City Maintained Road: 1
Technology
High Speed Internet: 1
Fencing
Block: 1
Wrought Iron: 1
Water Source
City Water: 1
Exterior Features
Covered Patio(s): 1
Other: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 2
Total Covered Spaces: 1
Carport Spaces: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Plumbing
Gas Hot Water Heater: 1
Utilities
APS: 1
SW Gas: 1
Existing 1st Loan
Treat as Free&Clear: 1
Landscaping
Gravel/Stone Front: 1
Synthetic Grass Frnt: 1
Yrd Wtring Sys Front: 1
Items Updated
Floor Yr Updated: 2024
Wiring Yr Updated: 2020
Plmbg Yr Updated: 2020
Ht/Cool Yr Updated: 2010
Roof Yr Updated: 2020
Kitchen Yr Updated: 2024
Bath(s) Yr Updated: 2024
Disclosures
Seller Discl Avail: 1
Agency Discl Req: 1
Possession
By Agreement: 1
Association Fee Incl
No Fees: 1
Assoc Rules/Info
None: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 16th Street and Van Buren
Directions: Heading West on Van Buren turn South on 15th St. Continue South on 15th St to Monroe St., turn East on Monroe to house on the North side of road
Geo Lat: 33.450699
Geo Lon: -112.04954
Status Change Info
Off Market Date: 2025-03-19
Under Contract Date: 2025-03-11
Close of Escrow Date: 2025-03-19
Sold Price: $399,500
Property Features
Special Listing Cond: N/A
Add'l Property Use: Other
Master Bathroom: 3/4 Bath Master Bdrm
Flooring: Tile; Vinyl; Wood
Window Features: Dual Pane
Spa: None
Dining Area: Dining in LR/GR
Kitchen Features: Gas Oven; Gas Range; Disposal; Dishwasher; Refrigerator; Granite Counters
Laundry: Washer Hookup; Gas Dryer Hookup
Interior Features: No Interior Steps
Technology: High Speed Internet
Exterior Features: Covered Patio(s); Other
Road Responsibility: City Maintained Road
Construction: Adobe
Const - Finish: Painted; Stucco
Roofing: Composition
Cooling: Central Air
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Wrought Iron; Block
Landscaping: Gravel/Stone Front; Synthetic Grass Frnt; Yrd Wtring Sys Front
Lockbox Type: Supra
Possession: By Agreement
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Documents
LBP ›
Listing Office:
Realty ONE Group Mountain Desert
Last Updated: March - 28 - 2026
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